Why Is the ACH Credit Method the Best Alternative for Companies?
There are 3 global payment methods that you will find in this article. The first and most popular one is the credit card processing method. The second one is the MOTO alternative, which provides the highest degree of convenience for customers. And the third one is ACH credit, the best alternative for companies. This does not mean that you should focus on it. It only means that you will get the most benefits if one of your clients choose to use it. But its lack of popularity makes it impossible to become the mainstream payment alternative that you can use. But there are 2 reasons for which you should still introduce this method together with the credit card one.
• It is a direct transfer method. The ACH payments are directly transferred to the company account. This means that the processing is happening in real-time, and you do not have to wait for long periods. And this factor will produce serval advantages and benefits for your company. The effects in the short term may not seem very important. But in the long term, you will realize that introducing this method was one of the best decisions in your life. It will not only solve some of your company problems, but it will also bring extra revenue.
• It comes with almost no risks attached. The second advantage that this method has is the increased level of security that it has for companies. The credit card method is renowned for risks like fraud attempts and chargeback abuse, and it needs additional features to increase its security. But the ACH method has a high level of security from the beginning. So, you will never have to worry about dealing with disputes against your clients. But this also means that you need to ensure that your payment processing partner provides increased security methods for the credit card processing method.
Benefits That You Can Get from the ACH Credit Method!
Keep in mind that credit card processing is the essential global payment method. And the https://xpressprocessing.com/products/ach/ ACH credit should be introduced only as an additional payment method. But even then, it will provide your company with 3 benefits. Each one of these benefits will make your life easier. Or it will help you grow the company faster. So, what benefits are these?
• Increased market share. The first benefit that you can expect from this method is an increase in the market share that your company has access to. How so? Well, even if credit cards are the most popular alternative. But there are still many people that use other alternatives like ACH credit. And if you do not introduce this method, they won’t be able to shop from you. But if you introduce it, then your sales volume will increase. And this increase can be even bigger if your competitors don’t introduce ACH.
• Smooth and streamlined cash flow. Most credit card processing methods will make you wait for 3 to 5 days before the money that your company made will enter the company’s accounts. And if you need the money in this period, then you will need to use methods like credit lines. And this will increase the complexity of your cash flow operations. This means that resources and time will be lost every time a similar situation happens. But with ACH, you do not have to worry about this anymore. The sales made through this method will ensure that your company has money when it needs it, and it does not depend on a credit line anymore.
• Increased company growth rate. And the last benefit that you can expect is an increase in the growth rate of your company. Keep in mind that the ACH method will increase the sales volume of your company and save a lot of time and effort by streamlining some of the company’s operations. As a result, these resources can be invested in the growth of the company. And this process can be repeated and compounded. So, the growth speed of your company will be much faster than before.
Other Essential Global Payment Solutions That Your Company Needs!
As mentioned above, ACH is not the first or the most important payment processing alternative that you should introduce. It is only the one that provides the most benefits to your company. Most of the time, it is better to provide multiple https://xpressprocessing.com/products/payment-solutions/ global payment alternatives to your clients to ensure that all of them can make payments. By doing so, you can avoid losing sales. So, there are 2 other global solutions that you should take into consideration while you search for a payment processing partner. Although both of them require a credit card, the way they work is completely different.
• Credit card payments. This method is the direct alternative where the credit card is needed for payments. As mentioned in this article, this is the most popular method on the market. And this also makes it the essential method that any company must introduce. A company can't survive without introducing this type of payment method. So, the first thing that you need to look for while searching for a reliable payment processor is the advantages that come together with this payment method. These advantages will represent the bulk of the benefits that you can expect from a future collaboration.
• MOTO. This payment method also requires a credit card. But it provides a high degree of convenience for the clients of your company. How so? Well, it allows your clients to use means of communication to order goods or services from your company. This means that the cardholder or the card is not required to be present at the merchant outlet. So, your customers will be able to buy your products or services from anywhere with a simple phone call or email. The best alternative that you have is to find a reliable partner that can provide you with all 3 global payment alternatives.